New Chairman of Stock Brokers Association

APPOINTMENT: Managing Director of Bartleet Mallory Stock Brokers R. Muralidaran was elected as the new Chairman of Colombo Stockbrokers Association recently.

Muralidaran who began his career as an investment advisor in 1991 has progressively reached the pinnacle of his tenure at Bartleet Mallory Stockbrokers, one of the founder members of the Colombo Bourse.

Muralidaran is well known in the industry for his dynamic business style, professionalism and a high level of integrity. Colombo Stock Brokers Association (CSBA) is the apex body that represents a collective view of its member firms.

It takes up issues pertaining to the members with the regulatory authorities, with regard to setting up new trading rules, adding new members etc.

When asked about his plans for the future Muralidaran said: "My main aim is to expand the industry by augmenting the customer base and to drive the market to the next league, by moving to lucrative regions outside the country".

He wishes to popularise online trading, where by an investor can trade on his own without contacting his advisor.

He also plans to induce more corporate bodies to be listed on the Colombo Stock Exchange enabling investors to gain more portfolio diversification.

"I will synchronise with all my colleagues in the member firms to uplift the industry to higher levels, so that all stakeholders in the industry will be benefited a great deal.

Another key priority of the newly elected Chairman would be to improve the knowledge base of the investment advisors, which is critical to the expansion of the array of investment products; he emphasized "I wish to broaden the product range by bringing in derivative hedging instruments while at the same time I also intend to give more recognition to the neglected fixed income security trading which I would say is attractive since it guarantees a return" said the newly appointed Chairman.